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Email: info@redkiteland.com Phone: 0207 486 5777
Email: info@redkiteland.com Phone: 0207 486 5777

Gloucester prime shop secured for £3.48 m shows a 9% yield

Red Kite has purchased on behalf of an in-house managed fund 2/6 Eastgate Street in Gloucester let to Poundworld and Hutchinson 3G. With an AWULT of 6 years and an income of £331,300 p.a. this purchase satisfies Red Kite’s current strategy of seeking high yielding prime retail in secondary and market cathedral towns with “add value” opportunities.


CBRE acted on behalf of the vendor and Fawcett Meade acted on behalf of Red Kite.